Argo Gold Identifies High-Grade Gold and Multiple Mineralized Trends at the Uchi Gold Project
Argo Gold Identifies High-Grade Gold and
Multiple Mineralized Trends at the Uchi Gold
Project
Toronto, Ontario--(Newsfile Corp. - November 18, 2021) - Argo Gold Inc.'s
(CSE:
ARQ
) (OTCQB:
ARBTF
) and (XFRA, XSTU, XBER:
A2ASDS)
("
Argo Gold
")
2021 exploration
program extended the strike length of the mineralized zones at Woco to 400 metres, at Northgate to 500
metres and at Raingold a new zone of mineralization was identified 100 metres east of Raingold.
At
Raingold, channel sample results are pending from the south extension zone stripped for 280 metres
along a shear zone with abundant sulphides.
Exploration drilling to date at the Uchi Gold Project has
tested mineralization to depths of 60 to 120 metres with the exception of Woco drill hole AGU-19-007
that intersected 7.4 g/t Au over 0.5 metres was intercepted at depth of about 200 metres.
Northgate
At Northgate, the zone of known gold mineralization was extended to
500 metres
from 225 metres with
15 metres of strike length of very high-grade gold exposed right at surface.
Drill Hole AGN-21-024
intersected
26.26 g/t Au over 2.65 metres,
Drill Hole AGN-21-025 intersected
9.24 g/t Au over 0.95
metres
and Drill Hole AGN-21-30 located
225 metres northeast
of the Northgate high-grade gold
mineralization intersected
22.7 g/t Au over 1.15 metres.
The 15 metres of high-grade gold in surface
channel sampling at Northgate includes
43.5 g/t Au over 1.65 metres
, 4
0.1 g/t Au over 1.65 metres
,
37.7 g/t Au over 1.6 metres
and
77.5g/t Au over 0.65 metres.
Raingold
At
Raingold
, there is surface
high-grade gold
with 2021 channel sampling results of
32.84 g/t Au
over
2.5 metres
width
.
Channel sample results are pending from the south extension zone stripped for 280
metres along a shear zone with abundant sulphides.
2021 drill results identified the mineralized zone
100 metres north of the high-grade gold along with a second mineralized trend of anomalous gold in
breccia interpreted to be a new mineralized structure 100 metres east the HST trend which hosts the
high-grade Raingold mineralization.
The 15 metres of high-grade gold in surface channel sampling at
Raingold includes
31.2 g/t Au over 2.3 metres, 29.8 g/t Au over 1.9 metres, 10.3 g/t Au over 1.9
metres
and
5.4 g/t Au over 2.65 metres.
Woco
Drill hole AGW-21-020 tested the Woco Vein from the east looking for footwall structures and
intersected with 1.92 g/t Au over 1.1 metres at 121 metres.
Drill hole AGW-21-021 was a 200-metre
step-out south of the high-grade Woco Vein and intersected an altered zone of quartz, epidote, and
tourmaline and anomalous gold of 0.45 g/t Au over 1 metre at 78.85 metres. A 3.13 m wide lamprophyre
dike located near the mineralized/altered zone and indicates the deep-rooted nature of the high-grade
Woco vein system.
Drill results at the Woco Zone also include
132.3 g/t Au
over
1.8 metres
at 88
metres and
20.4 g/t Au
over
0.5 metres
at 107 metres.
Surface high-grade gold mineralization from
channel sampling at Woco include
10.4 g/t Au
over
1.1 metres
and
58.2 g/t Au
over
0.55 metres.
Uchi Break Exploration
The Uchi Break is located 230 metres west of the Woco mineralized trend.
Drill hole AGU-21-019 tested
a gold biogeochemical anomaly located on the Uchi Break and intersected 0.45 g/t Au over 1.4 metres
in massive and semi-massive sulphides that were intersected at 75.1-75.8 metres and 76.9-80.4
metres.
This drill hole is 190 metres south of AGU-19-009 that intersected 0.35 g/t Au over 3.6 metres in
similar massive and semi-massive sulphides of pyrite and pyrrhotite.
Woco-Northgate Corridor
Three drill holes tested the structural corridor between the high-grade Woco Vein and the high-grade
Northgate zone that also had a biogeochemical anomaly.
Both AGU-21-22 and AGU-21-23 identified
quartz veins and quartz/carbonate veinlets with disseminated sulphides near the end of the drill holes
along the strike extension of the lithostructural trend that hosts the Woco and Northgate Zones.
In
addition, drill holes AGU-21-22 and AGU-21-32 intersected multiple zones of sulphide-bearing rocks
with anomalous gold assays. The sulphide mineralization consists of abundant pyrite and pyrrhotite with
minor chalcopyrite, sphalerite and galena.
Map 1
To view an enhanced version of Map 1, please visit:
https://orders.newsfilecorp.com/files/3921/104184_63e11ec874e3a9e6_001full.jpg
QA/QC
Samples were geologically logged, the information was captured digitally, and sample locations were
marked directly in the core box.
Cutting was done on site by Argo personnel and securely bagged.
Samples were subsequently transported by Argo Gold personnel to Dryden to Activation Laboratories
Ltd. (ActLabs) which is ISO 17025 accredited. A rigorous program of inserted duplicates, blanks and
standards was instituted. The laboratory batch size was 35 samples, so Argo Gold ensured that blanks,
duplicates and inserted OREAS control standards (three separate standards representing low, medium
and high-grade values) were inserted every twenty samples. These results have been scrutinized and
values were well within high tolerances. Every sample was analyzed for Fire Assay Gold with either an
AA (Atomic Absorption) or gravimetric finish. Where values were over 5,000 ppb, the sample was then
re-assayed by Fire Assay with a gravimetric finish.
At ActLabs, the samples were sorted and dried in a 60C oven. Each sample was then crushed up to
90% passing 10 mesh, riffle split, and a 250g sample was pulverized to 95% passing 150 mesh. The
pulverized samples were analyzed for gold using a Fire Assay with an AA, (or gravimetric as noted
above) finish. ActLabs also has their internal system of inserted blanks, duplicated and inserted control
standards which they used to ensure quality of the results.
William Kerr, P.Geo., consulting geologist of Argo Gold, is the Qualified Person, as defined by National
Instrument 43-101, who has approved the scientific and technical disclosure in this news release.
Argo Gold
Argo Gold is a Canadian mineral exploration and development company, focused on gold exploration at
the Uchi Gold Project in the Red Lake District.
Argo Gold recently added the Talbot Lake Gold Project to
its portfolio; (Argo Gold news release June 11, 2020).
Information on Argo Gold can be obtained from
SEDAR at
www.sedar.com
and on Argo Gold's website at
www.argogold.com
.
Argo Gold is listed on
the Canadian Securities Exchange (
www.thecse.com
) CSE:
ARQ
, OTCQB:
ARBTF
and XFRA, XSTU,
XBER:
A2ASDS.
For more information please contact:
Judy Baker, CEO
(416) 786-7860
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES
PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
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within the meaning of applicable securities law.
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